First Bank promotes financial inclusion with introduction of quick banking service
Reporter
First Bank of Nigeria Limited has shown its commitment to drive financial inclusion further by empowering the Nigerian banking populace with a new quick banking service.
The banking service, tagged *894# is set to bring new innovative to the banking industry as beneficiary accounts are credited instantly with alert notifications when operated upon anywhere and anytime.
Built on the innovative USSD technology, the *894# quick banking service transmits information through GSM network channels via mobile phones.
The *894# USSD service makes banking services available across all GSM networks, on any type of handset or device; iphone, android, blackberry and even simple feature phone famously referred to in Nigerian lingo as ‘kpalasa’.
It requires no internet service connection and can be used in remote locations across Nigeria. This USSD service is delivered on the customers’ registered phone numbers linked to their FirstBank accounts.
With *894#, the mobile phone has become a mobile branch and FirstBank customers can activate this service in three steps: by dialing *894*0#; and enter a four digit Personal Identification Number (PIN) linked to the debit card; create a five digit PIN, and the registration is complete.
Customers can transfer money to FirstBank and other banks in Nigeria; buy airtime for themselves and their loved ones; check account balance on their phones, and do lots more wherever they are. PIN reset on this service requires only a quick dial of *894*0#.
Banking transactions can now be performed on the go irrespective of location or time as there is no worry of internet connectivity or a token device, but only a Personal Identification Number (PIN).